398-412 Princes Hwy 5,543 SF 100% Leased Retail Building Rockdale, NSW 2216 For Sale

398-412 Princes Highway is large single commercial building of approximately 1032 sqm with a large open hardcourt area. It's a rare opportunity to secure a prime mixed-use development site in the heart of Rockdale, one of Sydney’s most connected and rapidly evolving precincts. Positioned just 500 meters from Rockdale Station and the major bus interchange, the property offers exceptional accessibility for future residents and businesses. The site is zoned MU1 Mixed Use, providing flexibility for a range of high-value development outcomes, including luxury residential apartments, healthcare facilities, childcare centers, or build-to-rent projects (STCA).
Upper levels of a potential multi-storey development can capture sweeping water views over Botany Bay, enhancing the appeal for premium residential buyers and tenants. The property sits within the Bayside West Precincts 2036 Plan, an area earmarked for significant infrastructure investment, including $10 million in upgrades to transport, green spaces, and community amenities. This strategic positioning ensures long-term growth and strong demand fundamentals.
Rockdale’s vibrant shopping and dining precinct is just 200 meters away, while Sydney International Airport is a short 10-minute drive. The site also benefits from immediate access to major arterial routes, including the M1, M5, and M8 motorways, placing the Sydney CBD and key employment hubs within easy reach. With a local vacancy rate of just 1.5%, a median unit yield of 5.1%, and forecast population growth exceeding 70,000 by 2036, this property offers compelling fundamentals for developers and investors alike.
Unlock the potential of this gateway site and create Rockdale’s next iconic mixed-use destination.